News

  Ajman / Emirates Business With the focus of increasing the number of visitors in 2017 by 20%, and following the remarkable growth of tourists from Europe to Ajman, the Ajman Tourism Development Department (ATDD) has embarked on a six-city roadshow to Germany to promote the emirate as a premier destination. The four-day Germany tour from October 24 to 27 ...

  Dubai / Emirates Business Emirates Islamic, one of the leading Islamic financial institutions in the UAE, recently organised a visit for its employees to the Dubai Autism Center (DAC). The bank also announced an AED 200,000 contribution to DAC, as part of its commitment to support the Center’s specialist services for people with autism and those who care for ...

  Dubai / Emirates Business Sponsored by HH Sheikh Saud bin Rashid Al Mualla, Member of the UAE Supreme Council, Ruler of Umm Al Quwain (UAQ), the 3rd UAE Economic Planning Forum 2016 will be held on November 1-2, at Sheikh Khalifa Wedding Hall in Umm Al Quwain. This year, the Forum looks at the concept of industrial sustainability and ...

  Bloomberg Germany is seeking tighter control over foreign investment in European companies, in a sign of a growing protectionist reaction to China’s appetite for overseas acquisitions. Economy Minister Sigmar Gabriel on Monday reopened a review of the takeover of Aixtron SE, which supplies equipment to the semiconductor industry, by China’s Grand Chip Investment GmbH. That follows calls by Gabriel, ...

  Bloomberg Volkswagen AG is facing renewed pressure to repair the damage caused by its diesel emissions scandal, with the European Union calling on the carmaker to start compensating affected consumers and show clear proof that vehicles will be fixed within the coming year. VW “should clearly identify what will be offered to consumers and this in a similar manner” ...

  Brussels / AFP Belgium is unable to sign off on a landmark EU-Canada free trade deal after Wallonia and other regional administrations refused to give the federal government the go-ahead, Prime Minister Charles Michel said on Monday. “We are not in a position to sign CETA,” Michel said after brief talks with Belgium’s regional leaders in Brussels broke up ...

  Bloomberg A property company managed by Schroders Plc is bidding for an office building in Frankfurt, anticipating the banking fallout from Brexit will boost values in the German financial center. The London-based property investor isn’t alone preparing for an exodus from the British capital, with both CBRE Global Investors LLC and Standard Life Plc seeking to purchase office space ...

  Dubai / WAM Expo 2020 Dubai announced on Monday Luxembourg as one of the first countries to formally confirm its participation, raising to 70 the national commitments received from countries from all around the world. The agreement was made at a meeting with HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Expo 2020 Dubai Higher Committee, during a ...

  Dubai / Emirates Business A high profile delegation comprising 25 delegates from Thrissur Chamber of Commerce, India, under the leadership of its President TS Pattabhiraman, Chairman and Managing Director, Kalyan Silks held a high level discussion with officials from Dubai Chamber of Commerce on Monday in Dubai. Announcing this in a press release, Pattabhiraman said that the team from ...

  Abu Dhabi / WAM India’s solar power industry will showcase an unprecedented range of investment opportunities at the World Future Energy Summit (WFES) 2017 in Abu Dhabi, after the Indian government recently outlined plans to add an additional 175 GW of renewable energy to the nation’s electricity supply by 2022. The Indian Ministry of New and Renewable Energy (MNRE) is ...